Richard Petritz Foundation
- Assets
- $1.6m
- Revenue
- $99.4k
- Investments
- $1.4m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 01/2000
- Data as of
- 09/2021
- EIN
- 84-1523842
Organization Overview
Richard Petritz Foundation is located in Colorado Springs, CO. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard Petritz Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Richard Petritz Foundation generated $99.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $135.5k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard Petritz Foundation has awarded 11 individual grants totaling $119,059. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT PURCHASE OF N95 MASKS FOR DISTRIBUTION TO EL PASO COUNTY NONPROFITS, INCLUDING PEAK VISTA COMMUNITY HEALTH CENTERS AND SILVER KEY SENIOR SERVICES
DIRECT PURCHASE OF SOUP CONTAINERS FROM SMALL BUSINESSES OF COLORADO SPRINGS FOR CHARITABLE DISTRIBUTION IN ASSOCIATION WITH PIKES PEAK UNITED WAY AND CARE AND SHARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela P Cooper President | 10 | $5,000 | |
Jeffrey M Cooper Secretary | 1 | $0 | |
Madeleine J Cooper Director | 1 | $0 | |
R Dylan Cooper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,129 |
| Capital Gain Net Income | $58,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $706 |
| Total Revenue | $99,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $336 |
| Other expenses | $1,089 |
| Total operating and administrative expenses | $67,692 |
| Contributions, gifts, grants paid | $67,800 |
| Total expenses and disbursements | $135,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,746 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,391,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,000 |
| Total assets | $1,622,820 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Richard Petritz Foundation has awarded $46,684 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Pueblo, CO PURPOSE: TO FUND A DAF FOR CHARITABLE DISTRIBUTIONS | $40,000 |
Colorado Springs, CO PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $3,000 |
DIRECT CHARITABLE EXPENSE PURPOSE: ACQUIRE N95 MASKS AND DISTRIBUTE TO EL PASO COUNTY SERVICE ORGANIZATIONS | $2,733 |
RWANDA CHILDREN PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION | $526 |
DIRECT CHARITABLE EXPENSE PURPOSE: ACQUIRE SOUP CONTAINERS FROM SMALL BUSINESS ENTREPRENEURS AND DISTRIBUTE AT NO COST AT A PIKES PEAK UNITED WAY FOOD DRIVE | $425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |